Swapr
Crypto Overview
Overview
Swapr is a decentralized exchange (DEX) protocol built on Ethereum and other EVM-compatible networks. The SWPR token serves as the protocol's governance token, allowing holders to participate in decision-making regarding protocol parameters and development.
Purpose and Utility
The primary purpose of SWPR is to enable decentralized governance of the Swapr protocol. Token holders can vote on protocol upgrades, fee structures, and other operational aspects. Additionally, SWPR holders can earn a portion of the protocol's trading fees when they stake their tokens.
Business Model
The protocol generates revenue through trading fees from its decentralized exchange operations. The business model is transparent and based on facilitating legitimate trade of digital assets. The exchange functionality allows users to swap various cryptocurrencies in a decentralized manner.
Real-World Adoption
Swapr has maintained active development and operations across multiple blockchain networks, including Ethereum, Gnosis Chain, and Arbitrum. The protocol processes regular trading volume, though at a smaller scale compared to larger DEXes.
Token Distribution
SWPR tokens were distributed through a fair launch mechanism, with no pre-mine for founders. A significant portion was allocated to the community through liquidity mining programs.
Crypto Impact
To assign a comfort level investing in Swapr from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Swapr.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.